St. James's Place Wealth Management recognizes that no single investment house has a monopoly on investment expertise, and St. James's Place do not employ in-house investment managers. Instead we carefully select a number of external managers of outstanding ability to manage our range of funds.

This has a number of advantages:

• It gives us the freedom to select first-class managers from the global investment market to manage our funds on behalf of our clients
• It enables us to change any of these managers at short notice if we have lost confidence in them, without any charges, or tax, or inconvenience to our clients
• It offers our clients a real opportunity to diversify their investments by spreading their money across funds managed by different managers with different styles